The quantum dots market is expected to reach USD 8.47 billion by 2023
from USD 2.57 billion in 2018, at a CAGR of 26.97%.

QD lighting (LED) solutions is expected to hold the largest share of the
quantum dots market. The use of quantum dots as down converters in white
LEDs or luminaires offers a significant level of tunability of the
resulting spectral output.

The quantum dots market for the healthcare vertical is expected to grow
at the highest CAGR during the forecast period. In the healthcare
vertical, quantum dots are used in biological imaging, cellular
labeling, and DNA labeling, and cancer diagnosis. The growing adoption
of quantum dots for diagnosis, prognosis, and treatment is expected to
propel the growth of the quantum dots market in the healthcare vertical.

APAC was the leading market for quantum dots in 2017. Owing to the
presence of local players in China, most of the TV manufacturing is
being done in this country. Consumer electronics is one of the major
applications for quantum dots. Thus, the growing demand for brighter,
vibrant, and energy-efficient displays in countries such as India,
China, and Japan is driving the quantum dots market in this region.